Explosive Trace Detection Market in Robotic Explosive Detectors Will Expected to Gain Maximum Industry Share by 2024
Category: #reports  By Ronak Bora  Date: 2019-03-08
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Explosive Trace Detection Market in Robotic Explosive Detectors Will Expected to Gain Maximum Industry Share by 2024

North America is projected to hold a major share in the Explosive Trace Detection Market over the forecast period owing to the increasing number of security vendors in the region. Additionally, recent terrorist activities are promoting the demand for these devices in Europe, thus offering opportunities to the industry players.

Increasing risk of terrorism across the globe has prompted the demand for high-level monitoring in government, public, aviation, nuclear power plants, transportation, embassies, and other places. The security agencies and the government officials are using these detectors as a part of the security program to protect the citizens and significant infrastructure from the attacks. With the increasing frequency of terrorist attacks, the explosive trace detection market is likely to gain traction in the coming years.

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The increase in violence along with political conflicts in different regions is boosting the need for security screening globally. Numerous government legislations are formulated to improve the safety screening at airports, to take care of the surface transportation and supply chain security, to safeguard infrastructure, and to detect and avoid radiological, biological, and nuclear threats worldwide.

Government regulations are playing a key role in the advancement of security screening devices. For instance, in the U.S., major customers are the government agencies and the demand for security detectors rely on state priorities and administrative initiatives. The U.S. has proposed a legislation to enforce 100 percent cargo screening services, which is supposed to boost the explosive trace detection market growth.

By product, the explosive trace detection market is segmented into robotics, vehicle-mounted, handheld, and biosensors. Robotic explosive detectors are expected to gain the maximum market share in the projected period owing to their greater level of control and efficiency. Recent developments in unmanned systems have increased the remarkable market base of robotics-based explosive detectors.

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The explosive trace detection market is segmented by technology into thermo-redox, mass spectrometry, chemiluminescence, colorimetric & automated colorimetric, ion mobility spectrometry, and amplifying fluorescent polymer.

Based on application, the explosive trace detection market is segmented into aviation, transportation security, secured facilities, and defense. The aviation segment is anticipated to lead the market owing to the increasing air cargo and air passengers in the growing economies.

Some of the key players in the explosive trace detection market include Biosensor AB, Auto Clear, OSI Systems, Hitachi, Westminster International, ICx Technologies, Smiths Detection, Mistral Security, Scent Detection, Ketech Defence, Nuctech Co., Ltd., L-3 Communications, and Morpho Detection, Inc. These major players are adopting strategies to compete and sustain in the market that include strategic acquisitions and partnerships.

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In July 2017, OSI systems acquired Morpho global explosive. The acquisition of this ETD segment of Smiths Group is complementary to the current operations and this will enable the company to serve customers’ unique needs seeking to secure public venues, borders, airports, and critical infrastructure. This acquisition will fill the gap in their aviation checkpoint offerings, which presently includes carry-on baggage inspection, automated tray return solutions, and passenger screening.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.



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Ronak Bora

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Ronak Bora

A graduate in Electronics Engineering, Ronak writes for News.Marketsizeforecasters and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, ...

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